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Close Corporations Act, 1984 (Act No. 69 of 1984)

Regulations

Close Corporations Administrative Regulations

14. Retention of records

 

(1) The minimum period of retention of any record that has to be kept by a corporation under the Act shall be the period specified in Schedule 3 to these regulations and such period shall, where applicable, run from the date of a particular record or the date of the last entry in a particular record referred to in the said Schedule.

 

(2) Notwithstanding the provisions of subregulation (1), the original of any record of a corporation that has been reproduced on microfilm and duly certified in terms of regulation 13(3) may be destroyed after a period of three years from the date on which the record concerned was so reproduced.